Notes to SEFA
Title: A. BASIS OF PRESENTATION
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as applicable to
governmental funds. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District used the restricted indirect cost rate for its programs and did not elect to use the 10% de minimis cost
rate as covered in 2 CFR Part 200.414.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity
of the District under programs of the federal government for the year ended June 30, 2023. The information in
this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform
Guidance). Because the Schedule presents only a selected portion of the operations of the District, it is not
intended to and does not present the financial position, changes in net assets or cash flows of the District.
Title: B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as applicable to
governmental funds. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District used the restricted indirect cost rate for its programs and did not elect to use the 10% de minimis cost
rate as covered in 2 CFR Part 200.414.
Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as applicable to
governmental funds. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: C. INDIRECT COST RATE
Accounting Policies: Expenditures reported on the Schedule are reported on the modified accrual basis of accounting as applicable to
governmental funds. Expenditures are recognized following the cost principles contained in the Uniform
Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The District used the restricted indirect cost rate for its programs and did not elect to use the 10% de minimis cost
rate as covered in 2 CFR Part 200.414.
The District used the restricted indirect cost rate for its programs and did not elect to use the 10% de minimis cost
rate as covered in 2 CFR Part 200.414.